Govt clears special package for electricity cos in 3 states | business | Hindustan Times
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Govt clears special package for electricity cos in 3 states

business Updated: Nov 29, 2013 10:49 IST
Highlight Story

Extending its ambitious plan to bail out beleaguered state electricity distribution companies (discoms), the government on Thursday cleared a special package for three more states—Jharkhand, Bihar and Andhra Pradesh.

The move to reduce the debt overhang of Rs 2 trillion owed by all discoms in the country is likely to benefit private power producers as the discoms will now be able to procure electricity to meet additional demand.

At present, power producers are unwilling to supply them power as they fear they will not be paid.

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